First Appointments to the to Financial Crisis Inquiry Commission
It is modeled on the Pecora Commission, a Senate panel that investigated causes of the Great Depression during the 1930s. The Pecora Commission led to major changes in federal law.
Speaker and Majority Leader appointed Phil Angelides as chairman of the Commission.
Angelides was elected California State Treasurer from 1999 to 2007
House Speaker
• Brooksley Born, who was appointed by President Clinton as Chair of the Commodities Futures Trading Commission from 1996-1999.
• John W. Thompson, who is Chairman of the Board of Directors of Symantec Corporation, a leading security software provider.
Senate Majority Leader appointed:
• Senator Bob Graham, the former U.S. Senator and former Governor of Florida. Senator Graham brings a wealth of experience and understanding of finance to this appointment from his years of service as a senior member of the Senate Finance Committee.
• Heather Murren, a retired Managing Director for Global Securities Research and Economics at Merrill Lynch. At Merrill Lynch, Ms. Murren was the group head for Global Consumer Products Equity Research.
• Byron Georgiou, who is a Las Vegas-based businessman and attorney. Mr. Georgiou serves on the advisory board of the Harvard Law School Program on Corporate Governance which hosts the leading blog on corporate governance and financial regulation.
Source:
Democrat Appointments to Financial Crisis Inquiry Commission
July 15, 2009, 12:08 PM ET
Real Time Economics
http://blogs.wsj.com/economics/2009/07/15/democrat-appointments-to-financial-crisis-inquiry-commission/
July 15th, 2009 at 9:08 pm
Great to see Brooksley Born there.
July 15th, 2009 at 9:11 pm
glad to see Brooksley Born on this committee.
don’t know about the rest
July 15th, 2009 at 9:13 pm
OK here it comes…
Please Franklin…shower us with your unabridged and insightful comments on this…
we wait with spellbound anticipation…
July 15th, 2009 at 9:16 pm
cv – you bored?
July 15th, 2009 at 9:21 pm
Will blog posts and comments be admissible? If so they should just cut and paste from the BP and mail it in..
…then they could enjoy their lame-duck status: traveling out of state, doing things that commission inquiry people do, go on trade missions… and no one would ever call them quitters. Speaking of cut and paste, who cut (without pasting) the term “cut and run” from the GOP lexicon all of a sudden?
July 15th, 2009 at 9:24 pm
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Phil+Angelides+
let us remember what Dukakis taught us, from his Greek Heritage, in ‘88, “The Fish rots from the Head, down”
w/ Angelides at the Head, they might as well have appointed AG “Bag” Holder, same diff..
Ms. Born is allowing herself, wittingly, or not, to be be Pimped–by her inclusion in this exercise of Window-dressing/ White-washing..
Another sad day for the truth-telling, yet, supposedly, Naive among us..
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Dukakis%2FBentsen
July 15th, 2009 at 9:35 pm
Hoffer-
let’s give Ms Born the benefit of the doubt that she can make good.
seems like a PR campaign would be required
regardless of the facts and the potential Greek influence
July 15th, 2009 at 10:10 pm
born = volcker…in this version of committeedom
July 15th, 2009 at 10:11 pm
Mr. Hoffer:
While I am not excited about this group(and even less excited about the Republican appointees), I’ll give Graham his credit. If Hillary Clinton had listened to him before the Iraq invasion, she’d be president today. She didn’t so she’s only SecState.
July 15th, 2009 at 10:13 pm
And since BR didn’t say anything(Yet!!), what was up with the rally today? Are we going to break 9,000 on Friday? Where does the market think future profits are coming from(besides China)?
July 15th, 2009 at 10:14 pm
SP999
July 15th, 2009 at 10:17 pm
I guess Senator Graham has some whitewash left over from the 9-11 commission for this new charade.
July 15th, 2009 at 10:21 pm
@Calvin Jones
“Where does the market think future profits are coming from(besides China)?”
—
I’ll forward my senseless IMO response…
China GDP reported at 7.9%…
GDP = C + I + G + (X − M)
let me guess…the C and the (X – M) were marginal…
but the I + G were huge…
everyone…use your collective vast intellects to fill in the blanks…
July 15th, 2009 at 10:22 pm
I just hope these people can come up with some meaningful ideas. We had all better hope they succeed and get to some real (aka root) causes. Those that are so cynical that they hope they fail and have already written off the effort, are rather sad. Me I’ll give them the benefit of the doubt, until they prove they don’t deserve my support.
Suppose they’ve read BR’s book. I can think of a lot worse places to start.
July 15th, 2009 at 10:37 pm
this ‘nom de weblog’: Weisselklenzenacht, is, really, too funny..
Calvin,
see also: cvienne’s post, as well as the one from ‘Weissel..’
July 15th, 2009 at 10:40 pm
Actually, Brooksley Born is a real good choice. Let’s hope that there aren’t too many hacks on the commission, certainly no one with even a distant relation to that quasi-criminal enterprise Goldman Sachs.